Description
329-335 S Rampart Blvd is a multifamily development opportunity located just south of W 3rd St on the border of Westlake & Koreatown. The double lot totals 16,262 SF zoned R4-1 in a Tier 2 TOC offered at a low price per SF of $178 at the asking price. The double lot is currently vacant; no tenant relocation required. High Walk Score of 93, 329-335 S Rampart Blvd is located one mile from the Metro Red and Purple Lines and steps to multiple Metro Local Line bus stops at W 3rd St & S Rampart Blvd. Central location that is beneficial for residents that commute throughout the city with close proximity to employment hubs in Downtown Los Angeles, Koreatown, Westlake, Silver Lake, and Hollywood. The rental market continues to grow, illustrated through the plentiful new developments currently under construction in the area such as the Belle on Bev at 1800 Beverly Blvd (243 units), K-Town Place at 668 S Coronado St (122 units), and 1999 Apartments at 1999 W 3rd St (137units), among others.
